Cinctive Capital Management LP Makes New Investment in Amkor Technology, Inc. $AMKR

Key Points

• Cinctive Capital Management LP invested $2,106,000 in Amkor Technology, acquiring 116,586 shares during the first quarter.
• Major shareholder John T. Kim increased their holdings by 441,589 shares, totaling nearly $9.65 million, representing a 13.19% boost in ownership.
• Amkor announced a quarterly dividend of $0.0827 per share, scheduled for payment on September 23rd, with a yield of 1.4%.

Cinctive Capital Management LP bought a new position in shares of Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 116,586 shares of the semiconductor company's stock, valued at approximately $2,106,000.

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Amkor Technology during the first quarter valued at about $27,000. UMB Bank n.a. raised its position in shares of Amkor Technology by 677.0% during the first quarter. UMB Bank n.a. now owns 1,756 shares of the semiconductor company's stock valued at $32,000 after buying an additional 1,530 shares during the last quarter. Allworth Financial LP raised its position in shares of Amkor Technology by 166.3% during the first quarter. Allworth Financial LP now owns 2,173 shares of the semiconductor company's stock valued at $38,000 after buying an additional 1,357 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Amkor Technology by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 2,236 shares of the semiconductor company's stock valued at $40,000 after buying an additional 854 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Amkor Technology during the first quarter valued at about $53,000. Institutional investors and hedge funds own 42.76% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder John T. Kim acquired 441,589 shares of the firm's stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of $21.85 per share, with a total value of $9,648,719.65. Following the completion of the purchase, the insider owned 3,789,479 shares of the company's stock, valued at $82,800,116.15. This represents a 13.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Sujoda Management, Llc acquired 441,589 shares of the firm's stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of $21.85 per share, for a total transaction of $9,648,719.65. Following the completion of the purchase, the insider directly owned 3,789,479 shares of the company's stock, valued at approximately $82,800,116.15. The trade was a 13.19% increase in their position. The disclosure for this purchase can be found here. Insiders own 26.90% of the company's stock.

Amkor Technology Price Performance

Shares of Amkor Technology stock opened at $24.29 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.70 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 19.75 and a beta of 1.96. Amkor Technology, Inc. has a 1-year low of $14.03 and a 1-year high of $32.47. The firm's 50-day moving average price is $22.76 and its two-hundred day moving average price is $20.25.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.42 billion. Amkor Technology had a net margin of 4.80% and a return on equity of 7.23%. The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. Amkor Technology has set its Q3 2025 guidance at 0.340-0.480 EPS. On average, equities analysts predict that Amkor Technology, Inc. will post 1.47 earnings per share for the current fiscal year.

Amkor Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.0827 per share. This represents a $0.33 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 3rd. Amkor Technology's dividend payout ratio is currently 26.83%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AMKR shares. Needham & Company LLC upped their price objective on shares of Amkor Technology from $22.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group started coverage on shares of Amkor Technology in a research report on Thursday, July 10th. They set a "neutral" rating and a $20.00 price objective for the company. B. Riley increased their price target on shares of Amkor Technology from $18.00 to $24.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Morgan Stanley reissued an "equal weight" rating on shares of Amkor Technology in a research report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Amkor Technology from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $26.44.

Amkor Technology Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.

Want to see what other hedge funds are holding AMKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amkor Technology, Inc. (NASDAQ:AMKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.